The All Pay. Common Value Auction as a Model of Contests
An all pay, common value auction is proposed as a model of contests. The common value of the prize is ex-ante unknown, but each contestant has private information about its true value. These private information are affiliated. Unlike in the symmetric winner pay auction model of Milgrom and Weber (1...
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| Format: | Thesis |
| Language: | eng eng |
| Published: |
1994
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| Subjects: | |
| Online Access: | https://etd.uum.edu.my/630/1/Nungsari_Ahmad_Radhi.pdf https://etd.uum.edu.my/630/2/Nungsari_Ahmad_Radhi_94.pdf |
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